Fifth Third Announces the Appointment of Jamie Leonard as Chief Financial Officer
November 09 2020 - 04:15PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) today announced the
appointment of Jamie Leonard as chief financial officer, effective
immediately. The company also announced the appointment of Bob
Shaffer as chief risk officer, to succeed Leonard, and Peg Jula as
chief human resources officer, succeeding Shaffer.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201109006054/en/
Jaime Leonard, who has been appointed
chief financial officer of Fifth Third Bank (Photo: Business
Wire)
“Jamie has played a critical role in our risk management and
treasury activities, and we are fortunate to have someone with his
experience and skills who can seamlessly step into the chief
financial officer role at Fifth Third,” said Greg D. Carmichael,
Fifth Third’s chairman and chief executive officer. “Jamie’s vast
knowledge of our financial performance is unrivaled, as is his
astute ability to identify and manage risk. These attributes will
continue to serve our shareholders, customers, employees and
communities extremely well.”
Leonard, who joined Fifth Third in 1999, most recently served as
chief risk officer and has had led Bank-wide initiatives for
managing risk and sustaining a strong risk culture. He has had
oversight of all critical risk functions and responsibility for the
Bank’s governance and strategy for risk management, including
relationships with key regulatory agencies. Leonard previously
served as Fifth Third’s treasurer, overseeing the Bank’s investment
portfolio, funding and liquidity, capital management and investor
relations. Prior to that, he was director of business planning and
analysis, and led the finance teams supporting numerous lines of
business. Leonard will continue to report to Carmichael.
Leonard replaces Tayfun Tuzun, who will be assuming the role of
chief financial officer at the BMO Financial Group, a leading
international bank. “Tayfun, who has led finance with grace, skill
and wisdom, is leaving the Bank to continue his own professional
growth,” said Carmichael. “We appreciate his clear leadership,
including strengthening our balance sheet to perform well even
during challenging economic environments. We wish him the best in
his new endeavors as he leaves the Fifth Third family.”
“I have greatly enjoyed the opportunity to contribute to the
tremendous success of Fifth Third and its employees,” said Tuzun.
“I’m confident that the strength of Fifth Third’s strategy and
leadership team will see many further successes in the future.”
Succeeding Leonard as chief risk officer, Bob Shaffer brings
deep experience to the role, from his leadership as the Bank’s
chief human resources officer since 2017 and nearly a decade as the
Bank’s chief auditor, beginning in 2007. Shaffer’s attention to
detail, skill at tackling tough issues and bold, collaborative
leadership have distinguished him during his tenure at Fifth Third.
Before joining the Bank in 2002, Shaffer was a partner in
Andersen’s Business Advisory Practice in Chicago, where he
specialized in the audit of public companies in the financial
services industry. He also served as head of the United States
Central Region’s Operational Risk Management Consulting Practice.
Shaffer will continue to report to Carmichael.
Richard Stein, who continues as chief credit officer, will now
report directly to Carmichael. Stein possesses over 20 years of
experience in the banking industry and has served in this critical
role for Fifth Third since early 2018.
Peg Jula succeeds Shaffer as chief human resources officer,
reporting to Carmichael. Jula joined Fifth Third in 1991 and has
long been a valued leader of the Bank’s Human Capital team. Her
passion, commitment, depth and breadth of human capital expertise
is exemplary. Jula has held numerous HR leadership roles, including
talent acquisition, learning and development, and HR operations and
employee services. Her career at Fifth Third has been characterized
by her tireless efforts to recruit, retain and advance employees to
ensure the present and future success of the Bank.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of September 30, 2020, the Company had $202 billion
in assets and operates 1,122 full-service Banking Centers, and
2,414 Fifth Third branded ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia,
North Carolina and South Carolina. In total, Fifth Third provides
its customers with access to approximately 52,000 fee-free ATMs
across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending,
and Wealth & Asset Management. Fifth Third is among the largest
money managers in the Midwest and, as of September 30, 2020, had
$422 billion in assets under care, of which it managed $53 billion
for individuals, corporations and not-for-profit organizations
through its Trust and Registered Investment Advisory businesses.
Investor information and press releases can be viewed at
www.53.com. Fifth Third’s common stock is traded on the NASDAQ®
Global Select Market under the symbol “FITB.”
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201109006054/en/
Ed Loyd (Media Relations) Edgar.Loyd@53.com | 513-534-NEWS
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Feb 2024 to Mar 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Mar 2023 to Mar 2024